How screwed is Credit Suisse?
Thoughts welcome.
Seeing all those news on CS makes me wonder how screwed the bank really is? Any advice to existing employees of CS?
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Stop, drop, and roll. When there's a fire in the building, make sure you are able to safely evacuate.
https://www.cnbc.com/2022/10/03/credit-suisse-seeking-to-assure-investo…
"Credit Suisse has also been in talks with investors to raise capital with various scenarios in mind, Reuters said, citing people familiar with the matter as saying it includes a chance that the bank may “largely” exit the U.S. market".
It's either gonna spin off and sell the US IB advisory arm or completely disband the US practice. I would start looking for the exits, even if you have to go down in prestige. Should be a fun time in the office for CS bankers tomorrow. Keep us updated on any new juicy details
Thanks intern!
Incoming analyst but yeah I used to be an intern. Is that a problem? Do you disagree with what I said? If so, attack the ideas and point out where I'm wrong. This forum is so annoying when everyone relies on ad hominem attacks and just tries to discredit everything someone says if they're an intern or first year analyst.
Sure thing. You’ve spent roughly 60 days in banking and are giving condescending know-it-all career advice to people with dramatically more experience. The situation is unclear. Anyone purporting to have sage advice is full of it, especially a snot-nosed 21 year old with a fresh full time offer telling people worried for their livelihoods to “stop, drop and roll”
Curious how much time people realistically have to lateral? Are incoming FTs ok if they plan to leave within ~6 months?
When kids like you are wasting time on WSO, just keep in mind that a lot of CS folks are reaching out to their friends and former connects looking for lateral ops at other shops right now and having interviews
Once upon a time during GFC, Lehman and Bear Stearns pulled 100% of their return offers. Jokes aside, Merrill Lynch also cancelled 90%+ of their return offers when acquired by Bank of America and laid off 65% of existing workforce
~synergies~
Despite the intern speculation, CS is and will be fine. Too many kids on here watched the big short and think they're Michael Burry now
“Our CET 1, Tier 1 leverage ratio l, and TLAC are in line with if not better than peers”
Can some FIG guys shed some lights on these?
My main question really not is whether CS is in trouble, but how troubled the bank really is.
Thanks guys
“Our CET 1, Tier 1 leverage ratio l, and TLAC are in line with if not better than peers”
Can some FIG guys shed some lights on these?
My main question really not is whether CS is in trouble, but how troubled the bank really is.
Thanks guys
“Our CET 1, Tier 1 leverage ratio l, and TLAC are in line with if not better than peers”
Can some FIG guys shed some lights on these?
My main question really not is whether CS is in trouble, but how troubled the bank really is.
Thanks guys
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